Northern Territory Consolidated Acts Northern Territory Consolidated Acts43. Refund of duty for surrendered or cancelled insurance
If an insurer pays duty in respect of a premium that is later refunded in whole or part to the insured because of cancellation of the policy of insurance, a refund of overpaid duty is to be made under the Taxation Administration Act if (and only if) the Commissioner is satisfied, on application by the insurer, that the refund would not result in a windfall gain to the insurer.